Economic Problems of Developing Countries
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- Subject
- Economic Problems of Developing Countrieseconomics-mcqs › economic-problems-of-developing-countries
- Published
- 2 Jun 2019
- Last updated
- 28 May 2026
What does the term 'Fourth World' refer to?
Multiple choice question for Economic Problems of Developing Countries. Select an option, then review the explanation below.
Explanation
Option A refers to newly industrialized countries like Korea, Taiwan, and Malaysia. Option B denotes the former Soviet republics. Option C describes countries still under communist rule, such as China and Cuba. The term 'Fourth World' specifically applies to nations that have fallen considerably behind in economic progress relative to the global community, which corresponds to option D.
More Economic Problems of Developing Countries MCQs
Practice related questions from the same subject.
- 1.What is the term for an arrangement between a borrowing nation and the International Monetary Fund where the country commits to reform its economic policies to encourage increased exports and reduce imports?
- 2.What do structuralist economists primarily examine when analyzing developing nations?
- 3.Which issue is generally NOT a challenge encountered by the majority of developing countries?
- 4.Which policy has proven to be the most effective in boosting agricultural production in developing nations?
- 5.What is one advantage of investing in agricultural initiatives?